EVM into an existing project?

Member for

21 years 9 months

Samer,



Thanks for the advice,



I’ll give it a go!



Cheers,



Tony.

Member for

17 years 3 months

Dear Tony,



EV can calculated at any point in time during the project duration. You need to find out the following values and apply the formula:



EV: Earned Value

PV: Planned Value

AC: Actual Cost

BAC: Budget at completion.



This can be done using management numbers without the use of planning softwares, or detailed method with work packages and cost accounts using planning softwares.



With kind regards,



Samer

Member for

21 years 8 months

If this works then maybe you can Export (Tools/Project Utilities/Export) from your new file the resources and cost assignments. Remember not to include into the export definition your actuals for EV,cost and resources, otherwise these will also transfer. Once you have run your export file then you can run an import from this file into your Baseline(s).



This is based on what I have read of these functions, because my jobs never justified using EV or job costing integration with P3 and accounting modules I have never used these.

Always keep Backups so if something go wrong you can go back, just a reminder, we all know.



Good luck,

Rafael

Member for

21 years 9 months

Thank you for your advice Rafael.



I will give it a go,



thanks



Tony.

Member for

21 years 8 months

I have not done this but maybe you can try.



1)Define your resources and cost codes.

2)Set up your DD to start of job and run a Schedule update for your first period without changing any updating to activities. Then run Tools/Store Period Performance as per P3 procedures.

3)Repeat until you get to your last update DD.



Best regards,

Rafael